Brokerages Set Freshpet, Inc. (NASDAQ:FRPT) Target Price at $139.47

Freshpet, Inc. (NASDAQ:FRPT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $138.80.

Several equities research analysts have recently issued reports on FRPT shares. Stifel Nicolaus lowered their price target on Freshpet from $135.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of Freshpet from $102.00 to $91.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Truist Financial downgraded shares of Freshpet from a "buy" rating to a "hold" rating and cut their price target for the company from $90.00 to $80.00 in a report on Wednesday. Oppenheimer cut shares of Freshpet from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Finally, Robert W. Baird set a $125.00 target price on Freshpet in a report on Wednesday, April 16th.

Institutional Trading of Freshpet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRPT. Norges Bank acquired a new stake in Freshpet during the fourth quarter valued at approximately $75,253,000. Allspring Global Investments Holdings LLC lifted its position in shares of Freshpet by 198.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 381,385 shares of the company's stock worth $55,065,000 after buying an additional 253,679 shares during the period. Riverbridge Partners LLC boosted its stake in Freshpet by 18.0% in the 1st quarter. Riverbridge Partners LLC now owns 1,026,829 shares of the company's stock valued at $85,401,000 after buying an additional 156,583 shares in the last quarter. Principal Financial Group Inc. grew its position in Freshpet by 124.0% in the first quarter. Principal Financial Group Inc. now owns 241,196 shares of the company's stock valued at $20,060,000 after acquiring an additional 133,539 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Freshpet by 267.0% during the fourth quarter. Renaissance Technologies LLC now owns 155,596 shares of the company's stock worth $23,045,000 after acquiring an additional 113,200 shares in the last quarter.

Freshpet Stock Down 1.1 %

Shares of FRPT traded down $0.82 during mid-day trading on Tuesday, reaching $72.72. The company's stock had a trading volume of 950,783 shares, compared to its average volume of 818,242. Freshpet has a 1 year low of $71.19 and a 1 year high of $164.07. The company has a quick ratio of 3.91, a current ratio of 4.72 and a debt-to-equity ratio of 0.41. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 77.36 and a beta of 1.80. The business has a fifty day moving average of $85.07 and a 200 day moving average of $125.30.

Freshpet (NASDAQ:FRPT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.36. The business had revenue of $262.71 million during the quarter, compared to analyst estimates of $275.46 million. Freshpet had a net margin of 4.81% and a return on equity of 3.92%. As a group, analysts forecast that Freshpet will post 1.55 earnings per share for the current fiscal year.

Freshpet Company Profile

Freshpet, Inc, together with its subsidiaries, manufactures, distributes, and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. It sells dog food, cat food, and dog treats under the Freshpet brand name; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online.